Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Group PLC LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20p -0.62% 32.00p 31.50p 32.00p 32.20p 31.00p 31.60p 371,490 12:45:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 707.4 -19.9 -12.3 - 69.33

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Date Time Title Posts
17/1/201812:21FLYBE – turbulence over – but keep your seatbelts on4,224
23/10/201714:58*** FLYBE ***5,656
10/5/201617:53another great buy from cockney the clown15
23/11/201413:17A new perfect short - Flybe Group7
17/11/201413:22update FLYB-

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Flybe Daily Update: Flybe Group PLC is listed in the Travel & Leisure sector of the London Stock Exchange with ticker FLYB. The last closing price for Flybe was 32.20p.
Flybe Group PLC has a 4 week average price of 30.25p and a 12 week average price of 30.25p.
The 1 year high share price is 51p while the 1 year low share price is currently 30.25p.
There are currently 216,654,801 shares in issue and the average daily traded volume is 182,716 shares. The market capitalisation of Flybe Group PLC is £69,329,536.32.
calabrian: This company is going nowhere but down just like the share price. Holding onto your shares 'hoping' for a recovery by looking at the chart or otherwise is a mugs game.
netcurtains: bump... (following the share price tick up) lol sorry
mreasygoing: More games being played with the share price. The mm's are tediously predictable.
mreasygoing: Sounds all good. I think the mms are taking a chance letting the share price drift. I reckon it'll come back to bite them.
mikepompeyfan: The Telegraph Buoyant passenger growth at regional airline Flybe alongside evidence it finally has control over the number of seats it offers has helped its shares rocket. The Exeter-based airline saw investors push its share price up more than 12pc to 40p suggesting growing confidence in recently-installed chief executive Christine Ourmieres-Widener. Sales leaped nearly 12pc to £174m for the three months to June 30 thanks to a 7pc rise in passenger numbers to 2.4m. Crucially, its revenue per seat - a key industry performance metric - jumped nearly 8pc to £51.73, which provides some proof the carrier is beyond its historic overcapacity problems. Last month the airline returned six aircraft to the company it leases them from meaning the number of seats it offered only grew by 2.7pc in the spring compared to 10pc between January and March. Ms Ourmieres-Widener, who joined the airline in December having run Dublin-based Cityjet, made it clear she would focus on cooling the growth in seat numbers seen in recent years. She said while the number of seats offered were set to rise by 2pc in its first trading half, spaces would drop by roughly 7pc at the back end of the year thanks to its smaller fleet and the forthcoming cut in October of intra-European flights. This has clearly come as a relief for investors given the company’s historic problems with having too many aircraft. Former chief executive Saad Hammad was responsible for spearheading the company’s Project Blackbird, which sought to deal with the excess aircraft it had on its books. Having fewer seats to sell has also helped Flybe’s forward booking numbers, with 52pc of its seats sold for the second half of its financial year compared to 48pc at the same time last year.
dangersimpson2: I think he was suggesting that larger airlines had recently had better share price performance than small ones. Even if that is universally true then correlation doesn't imply causality. To make a proper argument you have to show that there are network effects in either revenue or cost and that these are significant in comparison to the variability of other factors that define profitability.
toffeeman: If you look at the share price charts of EZJ RYA and IAG they all go up with time. FLYB is the opposite. Those three all have enormous economies of scale in every element of their businesses. Size indeed matters
netcurtains: s34icknote: As well as normal cyclical recovery in airlines FLYBE has the ADDED advantages THIS YEAR of: a)cutting journey time from midlands to cornwall from 4 hour drive to 1 hour flight (this is a major expansion of flights): HTtp:// b) UK OIL INDUSTRY: With NEW Heathrow to Aberdeen flights - FlyBe have caught the revival of interest in North Sea Oil just right. Just look at HUR's (West of Shetland) share price... Flybe have got in at the right time and at the right price Http:// c) Really hot UK summer - ideal for UK based holidays (and thus internal flights): Https:// d) HEATHROW Speaks for itself Https:// (any expansion of Heathrow will also increase the number of FlyBe customers) e) Warren Buffett He sells walmart and buys airlines and apple... No smoke without fire! f) more more more Https:// g) less less less It says its acquisition of the 13 aircraft – the 10 from Nordic and the three from Rand – will reduce costs by £4 million over 2016-17 and, afterwards, by a further £8 million per year. Https:// h) average Taking the five year view of cycles, the average price should be around 60p (mid cycle), top ends of cycles around about £1.40... Since we're miles below even this average figure we can probably say we're near the bottom of the airline cycle
kmann: worth a read, from pre results, but makes note of the fuel and currency hedges through to 2017 ... Flybe (FLYB) has seen its share price fall steadily since the start of the year, and at close to 12 month lows I definitely think it is worth another look. Its trading statement, released at the end of January, sent the shares into a spin and has seen tyhe share price drop from the mid-80s to the current level of around 56p and a market cap of just £125 million. The company has had its share of problems in recent times, including having hedged at high levels prior to the collapse in fuel prices, plus its Project Blackbird was costing £26 million per annum, but that finally ended last November when the company decided to keep on six of the Embraer E195 jets and use them on existing routes to replace old aircraft. The cost of doing so has been significantly reduced as well, costing £20 million for 2015/16, £10 million the year after, and dropping to £4 million by year four. Given that at the last set of financials for the six months up to the end of September 2015, the company made a net profit of £26.8 million, with an operating profit of £21.9 million, the current market valuation would seem to be on the low side, especially as it is reducing its costs and liabilities – in March the company bought three planes for $34 million as part of its plan to move to outright ownership rather than leasing (at a cost of £37 million for six months, as per the interims). It doesn’t have huge amounts of debt, with around £111 million in total at the last accounts and only £12.4 million of that as a current liability (£6.4 million loan repayments were made during that six month period as well), and total finance costs of £1.3 million for the period. At the end of March the company still had cash and equivalents of £171.3 million, so is in a strong position there. The latest trading update also didn’t have any nasty surprises and mentioned that full year results to the end of March 2016 were expected to be in line with expectations, despite events such as the Paris bombings causing temporary blips in passenger numbers. The forward looking statement for the coming summer showed that additional seating allocated is being sold as planned, with 21% already sold by the start of April and with a 17% increase in capacity compared to 2015. The company has also hedged 90% of its 2016/17 fuel and currency exposure, which reduces any risks on that front and makes up a big chunk of its annual costs, at around $120 million for fuel and $315 million in US Dollars, even though the subsequent rise in the Dollar has so far impacted operating costs by £7 million since the start of the year – that could all change though and could look a good move in months to come! In the past Flybe has been quite heavily shorted, but currently there are no notifiable shorts in excess of 0.5%, plus a number of institutional investors and funds hold fairly large amounts of shares. There are still plenty of risks with this company as it is in a very competitive market with tight margins, meaning it wouldn’t take a lot of bad luck to return to making a loss again, but at the current market cap I view that as a risk worth taking due to the potential upside. The last time this company recovered from a big dip the share price quickly headed back to the 90p area, and I see no reason why it can’t do so again as long as things go to plan.
bogotatrader: IMS Below - Flybe Group PLC Interim Management Statement Date : 03/02/2014 @ 07:01 Source : UK Regulatory (RNS & others) Stock : Flybe Grp (FLYB) Quote : 105.25 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Flybe share price Flybe Group PLC Interim Management Statement Share On Facebook Print Alert TIDMFLYB RNS Number : 0711Z Flybe Group PLC 03 February 2014 Flybe Group plc ('Flybe' or 'the Group') Interim Management Statement Flybe turnaround gains momentum The Board is pleased to report that third quarter trading for 2013/14 was in line with overall management expectations. Key highlights were that UK scheduled revenue per seat was up 2.3%, whilst costs per seat (excluding fuel and restructuring costs) were down 5.2%. In Finland, revenue from white label flying increased by 23.7% The turnaround of Flybe, Europe's largest independent regional airline, is now accelerating. Phases 1 and 2 of the Turnaround Plan (announced in January and May 2013), followed by the Immediate Actions (launched by the new management team in November 2013) are all now well advanced. The Immediate Actions were announced with targets to deliver underlying benefits of GBP7m in 2013/14 and GBP26m next year, with around 500 proposed redundancies and estimated one off and grounded aircraft costs of GBP14m this year plus a further GBP27m in 2014/15. It is now anticipated that job losses will total around 450, and work is continuing to reduce the cost of aircraft grounding. The Board believes that all these actions are essential to provide the business with a sustainable cost base and a platform upon which it can profitably grow its business in the future, as it implements the twin strategy, announced in November 2013, of being both a UK regional branded airline and a European regional white label provider. Q3 2013/14 Trading Summary -- 5.0% increase in total revenue under management to GBP203.5 million. -- Group revenue in line with Q3 2012/13 at GBP142.9 million. -- UK Airline: -- 0.4% increase in total revenues to GBP137.6 million despite total seat capacity in UK down 2.3% (scheduled seat capacity down 1.8%). -- 2.3% increase in passenger revenue per seat to GBP48.46. -- 5.2% decrease in costs per seat (excluding fuel and restructuring costs) to GBP41.58. -- White label: -- 23.7% increase in white label revenue in Flybe Finland JV to GBP52.2 million. Turnaround Update 1. Optimise configuration: -- Flybe's UK route network has now been successfully rationalised for the Summer 2014 season (beginning April 2014), impacting 55 out of last year's 140 summer routes, including the discontinuation of 30 unprofitable routes. -- Flybe's UK base network will reduce from 13 to seven bases by the end of March 2014, as indicated in the November H1 results announcement. The refocus towards the larger bases will result in the closure of bases in Inverness, Aberdeen, Isle of Man, Newcastle, Jersey and Guernsey. Flybe will continue to operate services to and from all of these airports, as part of a total of 119 routes being flown across its UK network in the 2014 Summer Season. -- Surplus aircraft capacity is being addressed by grounding 10 aircraft by the end of March 2014 and a further four by the end of the Summer 2014 season. Work is continuing to reduce the cost of this aircraft grounding. -- In line with its strategy first to optimise and then progressively to grow its route network, Flybe unveiled on 31 January 2014 a major expansion at Birmingham with seven new routes, including Florence, Cologne and Porto, with three more of its Embraer E175 aircraft to be based there. This will result in Birmingham becoming Flybe's biggest base with a total of 12 aircraft flying 32 routes. Birmingham Airport also announced that Flybe will become its largest carrier, flying up to 400,000 extra passengers and nearly 2,000,000 travellers in total to and from the airport. 2. Reduce costs further -- Following the removal by the Group of its divisional structure in November 2013, Flybe has now implemented an integrated organisation structure and completed the streamlining of its senior management team. -- Further progress has been made to complete the delivery by the end of March 2014 of the cost savings previously announced in Phases 1 and 2 of the Turnaround Plan: 2013/14 cost savings Phase 1 Phase 2 Total GBPm GBPm GBPm ----------------------- ----------- ----------- ---------- Headcount reduction 16 4 20 Outsourcing 8 - 8 Procurement and other 6 6 12 ----------------------- ----------- ----------- ---------- Total 30 10 40 ----------------------- ----------- ----------- ---------- -- Flybe is on track to achieve the further cost benefits, as previously announced, of GBP7m in 2013/14 and GBP26m in 2014/15 from network rationalisation, removal of the divisional structure and engagement with key suppliers. These include around 450 job losses, slightly down from the estimated 500 announced in November. Of these, about half are expected to be voluntary redundancies, others will be leavers and there are anticipated to be around 40-60 compulsory redundancies. -- Flybe is extremely grateful for the positive and constructive way in which the employees, Trades Unions and Employee Representatives have approached the consultation process regarding redundancies as well as the efforts that have gone into mitigating the numbers of job losses. The consultation process is now substantially complete. As a result of contribution enhancing commercial mitigations, which include delay of some aircraft groundings and crew redundancies until after the Summer season, and subject to the final take up of volunteers, only circa 10% of the original planned number of redundancies is now expected to be compulsory. 3. Improve commercialisation: -- Key management roles have been filled with a balance of external recruitment and internal appointments. -- Significant progress has been made with marketing enhancements, in both media and the website. Further work is in hand. -- A structured route profitability and selection methodology has been developed and is being rigorously implemented. Over 100 potential new routes have been assessed and nine new routes have been announced for Summer 2014. -- A variety of pricing, revenue management and route management improvements have been introduced. Early results are showing encouraging trends. -- Trading partnerships with major suppliers are being strengthened and developed further. Flybe is grateful for the cooperative spirit in which partners have entered into discussions, which the Board considers reflects the importance of Flybe to UK regional aviation. Progress so far is underpinned the Board's growing confidence in the achievement of its targeted benefits from the Immediate Actions. -- The Board believes that the impact of improvements is already evidenced in the growth in Q3 of Flybe's share of the UK regional domestic air passenger sector to 49.6%, up 1.2ppts from Q3 2012/13. 4. Finland Optimisation: -- The Flybe Finland JV continues to show strong progress in its profitable white label flying operations. A programme to reduce losses in the legacy scheduled risk flying portion of the Flybe Finland business is being implemented with effect from April 2014, with two of the six loss making lines of scheduled risk flying being removed, and Finnair working closely with Flybe on the commercial management of the remaining routes. Current trading UK Airline's current forward passenger sales revenue is as follows: -- Q4 2013/14 shows an increase over last year of circa 3%, driven by an increase in passenger volumes partially offset by lower yields. -- Forward sales for Summer 2014 are currently broadly in line with prior year. Outlook The UK economy has returned to growth, although the aviation sector remains highly competitive. The Board believes that Flybe's strong position in the regional aviation market is an attractive and sustainable one that plays an important part in aviation connectivity for regions, airports, passengers and indeed other airlines. In the short-term, Flybe's revenue will be affected as it discontinues unprofitable routes. However, the Group's improved cost structure will, the Board believes, provide Flybe with a firm foundation for future profitable growth. Saad Hammad, Chief Executive Officer, commented: "We are on track to deliver GBP40 million of annual cost savings from Phases 1 and 2 of the Turnaround Plan by 31 March 2014, and significant rapid progress has been made already on the additional Immediate Actions announced in November last year. The transformation of our cost base is being successfully delivered thanks to the hard work and determination of our people and with the support of all stakeholders. "Taking decisive action gives us a strong platform to implement our strategy, achieve profitable growth and build sustainable value for our shareholders. We are well on our way to becoming Europe's best local airline." 3 February 2014
Flybe share price data is direct from the London Stock Exchange
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